Macedonia Vehicles Market in 2024 surged 32.9% with 7,202 units, still behind pre-2020 figures. Renault and Hyundai posted the most impressive performances up in triple-digits.
Market Trend and Outlook
North Macedonia has made mixed progress in 2024, with greater competitiveness, excelling in trade, taxation, and energy policies, while lagging in tourism, digitalization, and transport infrastructure.
Key improvements include digitalized trade processes, expanded alternative financing, stronger agrifood exports, and better tourism governance, but challenges persist in state-owned enterprise efficiency, transport planning, and environmental policies.
Overall, the Macedonian Vehicle Market gained 32.9% in 2024 with 7,202 units. Despite the positive performance, sales are still far behind pre-covid figures.
Looking at cumulative data up to December 2024 brand-wise, Skoda was the leader, with 1,127 sales (+45%). Toyota ranked 2nd, with 746 units (+20.7%) while Renault climbed 4 spots into 3rd with 694 units, up 103.5%.
Looking at best-selling models, the Kia Sportage was on top of the list with 280 units (+28.4%) followed by the Skoda Octavia -up 12 spots- with 271 units (+163.1%) and the MG4 -up 7 spots- with 265 units (+105.4%).
